I have been looking at opening Roth IRAs for my wife and I. I have yet to find a definitive answer (or at least be smart enough to figure out the answer) on what exactly is the $160K limit. With salaries and investment income taken into consideration - we make over $160K/yr. However, if you take out the pre-tax contributions to our retirement plans, mortgage interest deductions, child related deductions, pre-tax FSA and health-insurace, etc... then our reportable income on the 1040 is much lower....

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